Sorry, Jacko Fans: The Glove Is No Longer On The Auction Block

Bad news for anyone who had their eye on Michael Jackson's famous glove: It's no longer up for sale. In fact, the entire auction has been canceled, and fans will have to content themselves with merely looking at the 2,000+ objects from the King of Pop's closet.

Michael Jackson's crown, ceremomial scepter and jewel-encrusted glove are seen on display in Beverly Hills, California, April 13, 2009. Thousands of items owned by Jackson will be auctioned off starting April 22, 2009 by Julien's Auction and could raise between 10 and 20 million dollars.The jewel-encrusted glove is the most iconic piece, it's estimate is between 10 and 15,000 dollars, but it could easily sell for something in the region of 100 to 200,000 dollars. The Beverly Hills exhibition of Jackson items going under the hammer give a rare insight into the pop star's former life at Neverland. Extraordinarily elaborate costumes, a customised Rolls Royce limousine, antique furniture, lifesize statues of superheroes and Star Wars villains, from Batman to Darth Vader, and a fully equipped computer game arcade are among the lots. AFP PHOTO / GABRIEL BOUYS (Photo credit should read GABRIEL BOUYS/AFP/Getty Images)

PHOTO: AFP/Getty Images

The Los Angeles Times reports
that Jackson and Beverly Hills auction house Julien's reached an agreement yesterday that the possessions would not be sold, after all. Jackson's representatives had filed a suit aiming to stop the sale, calling some of the items "irreplaceable," including the above glove, worn during the "Billy Jean" video, which was expected to fetch up to $200,000.

Julien's auctions reportedly put $2 million into putting the whole shebang on, so they're hoping to recoup some of that by leaving the goods up for display as an exhibition, charging $20 a ticket. It'll be open until April 25--a small consolation prize, considering one of us out there could have owned that very glove, don't you think?